# NFTPHOBIA

**Published by:** [The Artful Ledger](https://paragraph.com/@dundo/)
**Published on:** 2022-10-19
**URL:** https://paragraph.com/@dundo/nftphobia

## Content

Why many artists still reject NFTs could do with the fact that they are seamlessly tradeable, by design. Presented with a frictionless market, we quickly went from “WTF is an NFT” to trading randomly generated combinations of Photoshop layers for hundreds and thousands, calling it art, whilst many genuine artists struggled to find a collector, or someone that appreciates their art. Let’s stick to this “tradeable” thing for a moment, because it isn’t what it seems. On the surface, when transaction takes place, peers swap money for NFTs. But what actually happens in an NFT transaction can simultaneously be: CulturalMythologicalReligiousSpiritualJudicialLegalEconomicMemeticEt ceteraNo single discipline or point of view can adequately describe what happens when digital artifacts move on an open blockchain. And that is precisely why artists should pay attention. P.S. Oshi Gallery gets this. Art: “Coiners be Joined” by Hipworth

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